August 31, 2018 / 5:09 PM / a year ago

World Bank offers 'strong support' for Argentina amid market turbulence

WASHINGTON, Aug 31 (Reuters) - The World Bank expressed “strong support” for Argentina on Friday, days before the government of President Mauricio Macri was set to unveil new economic measures in a bid to calm market jitters that sparked a 30 percent dive in the local currency.

“The World Bank expresses its strong support to Argentina in the current context of continued market turbulence,” a spokesman for the global poverty-fighting institution said.

The World Bank plans to make $1.75 billion in previously announced commitments available to the country within the next 12 months, the spokesman said. A program to strengthen and expand support for children would be considered by the World Bank board within several weeks, he added. (Reporting by Lesley Wroughton Editing by Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below